Bank First Co. (NASDAQ:BFC) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in Bank First Co. (NASDAQ:BFC) by 339.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,635 shares of the company’s stock after acquiring an additional 12,081 shares during the period. Barclays PLC’s holdings in Bank First were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BFC. Arizona State Retirement System grew its stake in Bank First by 5.5% during the 2nd quarter. Arizona State Retirement System now owns 2,554 shares of the company’s stock valued at $211,000 after acquiring an additional 133 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Bank First by 1.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,433 shares of the company’s stock valued at $1,037,000 after purchasing an additional 155 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Bank First by 65,700.0% in the second quarter. Quest Partners LLC now owns 658 shares of the company’s stock valued at $54,000 after purchasing an additional 657 shares during the last quarter. Rhumbline Advisers lifted its position in Bank First by 5.5% during the second quarter. Rhumbline Advisers now owns 14,246 shares of the company’s stock worth $1,177,000 after buying an additional 746 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Bank First by 30.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company’s stock worth $435,000 after buying an additional 1,237 shares during the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price target on Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

Bank First Stock Down 1.6 %

Shares of NASDAQ BFC opened at $98.67 on Friday. Bank First Co. has a 1 year low of $74.90 and a 1 year high of $110.49. The company has a market capitalization of $987.88 million, a P/E ratio of 12.12 and a beta of 0.34. The company has a 50 day simple moving average of $101.78 and a 200-day simple moving average of $92.51. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00.

Bank First (NASDAQ:BFC) last posted its earnings results on Tuesday, October 15th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.11. The company had revenue of $58.93 million for the quarter, compared to the consensus estimate of $39.60 million. Bank First had a return on equity of 10.10% and a net margin of 32.02%. On average, equities research analysts predict that Bank First Co. will post 6.35 earnings per share for the current year.

Bank First Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 23rd. This is a boost from Bank First’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.82%. Bank First’s dividend payout ratio (DPR) is currently 22.11%.

About Bank First

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.